The Singapore-listed workforce management and IFM provider said the deal is expected to add to revenue and net profit in the first full quarter after closing.
YY Group Holding Limited said it has closed the purchase of a 95% stake in Singapore-incorporated distributor Xtreme Solutions Pte. Ltd. for S$4.5 million, or about US$3.5 million, combining S$0.9 million in cash with S$3.6 million in Class A ordinary shares that will be locked up for 12 months. Based on unaudited and unreviewed financial statements prepared under SFRS (Singapore Financial Reporting Standards), the target posted about S$6.0 million in revenue and about S$600,000 in net profit for the financial year ended March 31, 2026. YY Group said the acquisition should be accretive to revenue and net profit in the first full quarter following completion. The company plans to use MediaPlus Venture Group Pte. Ltd. to expand the target's e-commerce, web development, digital marketing and performance analytics capabilities, while also using the business as a deployment environment for YY Circle manpower outsourcing services and promoting the target's products through YY Circle's more than 500,000 members.